Akbank Commences Operations in DIFC

DUBAI — Akbank, Turkey’s most valuable bank and company in terms of market capitalisation, announced that it has commenced the operations of its Dubai office at the Dubai International Financial Centre, or DIFC.

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Published: Wed 9 Dec 2009, 10:59 PM

Last updated: Thu 2 Apr 2015, 3:47 AM

Akbank (Dubai) Ltd. is the first Turkish Bank to set up at DIFC, said a Press statement. The event was attended by Akbank representatives including Suzan Sabancý Dinçer, Chairman and Executive Board Member; Hayri Çulhacý, Executive Board Member; Ziya Akkurt, Chief Executive Officer and Board Member and Cem Ataç, Senior Executive Officer, Akbank (Dubai) Ltd.Ahmed Humaid Al Tayer, Governor of the Dubai International Financial Centre commented, “We are very happy to welcome Akbank, Turkey’s largest bank in terms of market capitalisation to the community of financial institutions in DIFC. Akbank’s decision to establish a presence in DIFC to target the regional market supports the process of deepening the already robust economic ties between the UAE and Turkey. Akbank’s move also reflects the continued confidence of the global financial industry in Dubai and DIFC. By working together with Akbank, we hope to tap growing complementarities and partnership opportunities between the financial sectors of these dynamic markets.”

business@khaleejtimes.com


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